Natwest is set to update the rates within its existing customer mortgage product range from tomorrow (Wednesday 8th May 2024). These updates will see changes in both the 2-year and 5-year fixed rate switcher options.
For the 2-year fixed rate switcher, adjustments include an increase from 5.15% to 5.27% for a mortgage at 60% loan-to-value (LTV) with no product fee.
Another 60% LTV mortgage will see its rate rise from 4.99% to 5.04%, this one carrying a product fee of £495.
Furthermore, a rate change from 4.79% to 4.89% will occur for a 60% LTV mortgage with a £995 fee.
Additionally, a mortgage at 75% LTV will undergo a rate increase from 5.25% to 5.32%, also with no product fee.
In the 5-year fixed rate switcher section, a 60% LTV product with a £995 fee will have its rate increased from 4.49% to 4.53%.
Another 60% LTV mortgage with a £495 fee will adjust its rate from 4.59% to 4.64%. Also, a 60% LTV option without a product fee will see a rate increase from 4.69% to 4.79%.
